Spool partners with Camelot DEX after launching on Arbitrum

Spool recently announced a partnership with Camelot DEX after launching on Arbitrum. Furthermore, this partnership is aimed at smoothening the onboarding of the new users to use $SPOOL via the usage of native Arbitrum tokens.

As one of the premier decentralized exchanges on Arbitrum, Camelot DEX will facilitate a massive user base boost to Spool. Spool, an emerging DeFi framework solution, allows users access to multiple DeFi yield-farming strategies via an easy-to-use, risk-minimized, and streamlined solution.

The platform uses DAO-based risk models to let Smart Vault automatically rebalance investments and auto-compound the yield. This will make complicated yield farming null while allowing users to maintain complete control.

Joshua Bates, the Head of DeFi at Spool, also talked about the recent collaboration. According to Joshua, Camelot has established an image as the top decentralized exchange on Arbitrum. The DEX has showcased a robust product lineup and business development capabilities. 

Thus, it was a no-brainer for Spool to host its Arbitrum liquidity with Camelot. Its existing community is an added advantage for Spool to leverage whenever possible. With Camelot, Spool will get the opportunity to collaborate with the top protocols on Arbitrum.

Everyone at Spool is looking forward to working with Camelot. The team will be integrating the Smart Vault offerings while exploring more opportunities via the Camelot Roundtable, added Joshua.

Camelot acts as a community-driven and ecosystem-centric decentralized exchange developed on Arbitrum. It helps users and developers to leverage its personalized framework for sustainable, adaptable, and deep liquidity.

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As part of the Camelot Roundtable, Spool will showcase both parties’ dedication to future development. The Roundtable consists of multiple key teams, and Spool will now become a part of them. With their sheer development, innovation, and collaboration, the parties are sure to yield quality results. 

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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